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A solenoid valve is an electromechanical valve which is operated by passing electric current through a solenoid. They facilitate in control, direct and regulation of liquid and gases. Generally a solenoid can be differentiated based on their type into two port, three way and four way solenoid valve of which two port solenoid valves occupies nearly 37% of overall market due to wide range of applications combined with compatibility with other processes.
Solenoid Valves Market Forecast (2015 - 2020)
Solenoid Valves Market Overview
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The most common applications of Solenoid Valves are noted to be
In fluid power pneumatic and hydraulic systems, to control cylinders, fluid power
motors or larger industrial valves.
Automatic Irrigation Sprinkler Systems.
Domestic, Typical Washing Machines and Dishwashers.
In the Paintball Industry.
Lately, used in Household Water Purifiers as well.
Solenoid valves can be used for a wide array of industrial applications, including
general on-off control, calibration and test stands, pilot plant control loops, process
control systems, and various original equipment manufacturer applications.
Solenoid Valves Market Applications
Solenoid Valves Market Forecast (2015 - 2020)
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Solenoid Valves Market Forecast (2015 - 2020)
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The revenue generated by Solenoid Valve Market in 2014 was reported to be $4.05
Billion growing with compound annual growth rate of 3.8% through 2015 to 2020.
Oil & gas, Chemical & Petrochemical and Power generation industries are the major
contributors to the revenue generated this market contributing to almost 54% of the
overall revenue in 2014.
Geographically, North America and Europe are expected to occupy a share of more
than 50% during the forecast period.
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Solenoid Valves Market Estimations
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Market Revenue
Solenoid Valves Market Forecast (2015 - 2020)
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Constant evolution in solenoid valve market leads to the development of new
technologies.
Increasing applications of solenoid valves into various industrial sectors.
Decreasing/low prices of valves and lower power consumption.
Development of new solenoid valves such as micro-miniature valves customized
valves and pinch valves encourages the growth
Solenoid Valves Market Driving Factors
Solenoid Valves Market Forecast (2015 - 2020)
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Solenoid Valves Market Forecast (2015 - 2020)
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Development of new technologies with improved features and performance are set to
drive the market
Main drivers for the Global Solenoid Valves market are: Automatic flow system, new
control designs, low power consumption
Demand for solenoid valves has been increased at a very high rate and it is due to change
in technology
Chemical Industry and Industrial products are the key industries for the development of
new Industry verticals in the Global Solenoid Valves
Key Market Insights of Solenoid Valves Market
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Solenoid Valves Market Forecast (2015 - 2020)
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Development of new solenoid valves such as customized valves, micro-miniature valves,
pinch valves, manifolds, etc., have led to increased demand for fluid control needs
Oil & gas, Chemical & Petrochemical and Power generation industries are the major
contributors to the revenue generated this market contributing to almost 54% of the
overall revenue in 2014.
North America and Europe are estimated to occupy a share of more than 50% during
2014-2020
Key Market Insights of Solenoid Valves Market
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Solenoid Valves Market Forecast (2015 - 2020)
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Solenoid Valves Market Report contains different market aspects explored with particular
focus on key market drivers, challenges, constraints and market landscape. The Global
Solenoid Valves Market has been thoroughly analyzed and carefully segmented by
geographic locations based on major economic and topographical regions. The report details
current market potential and future market growth in this industry. The report overall
contains the most detailed, in depth segmentation and analysis of the Solenoid Valves
Market during the forecast period 2015-2020.
Solenoid Valves Market Report Scope
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The Solenoid Valves Market is precisely segmented into 6 types by IndustryARC based on
various factors like:
By Types: Two Way Solenoid Valves, Three Way Solenoid Valves Comprise Three Ports
and Others.
By Components: Coil / Solenoid, Plunger and Others.
By Seals: Nitrile Rubber (NBR), Fluroelastomer (FKM) and Others.
By Operation: Direct Acting Valves, Pilot Operated Valves and Manual Reset Valves.
By Industry: Automobile, Oil&Gas, Mining and Others.
By Geography: Americas, Europe, Asia and ROW.
Solenoid Valves Market Segmentation
Solenoid Valves Market Forecast (2015 - 2020)
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Solenoid Valves Market Forecast (2015 - 2020)
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All the top companies of the Solenoid Valve Market are carefully analyzed by the experts of
IndustryARC considering attributes like of the Company Overview, Financial Overview,
Business Strategies, Product Portfolios and Recent Developments. Some of the prominent
competitors of this market which are studied and mentioned in the report:
ASCO Valve Inc. (Emersion Electric Company)
Danfoss A/S
Curtiss-Wright Corporation
Burkert Fluid Control Systems
Kingston Valves
Key Market Players of Solenoid Valves Market
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INDUSTRY KNOWLEDGEApart from the in-house databases, we have access to more than 10 premium industry databases which regularly updates us with the day to day industry trends and investment opportunities.
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Analytical Method Base Model Consolidated Model Delphi Verification Base Method Consolidation Method
1. Granular breakdown of drivers into factors2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms of their relevance & impact on the market. 4. Build the
1. Get a top down Estimate of the market2. Follow it up with a bottom up estimate of the market. 3. Check for consistency and new growth factors that that are relevant over the next 10 Years4. Build the
1.Granular breakdown of the drivers into factors2. Validating all factors in terms of their present impact on the market. 3. Assigning weights to these factors in terms or their relevance & impact on the market. 4. Build the
1. Verify the findings of the model with experts from across the value chain.2. Verify the findings with players across small and large enterprises3. Tweak the model and add new factors4. Finalize the
Base model Consolidated Model ARC Model
OUR PROPRIETARY MODELS DERIVED FROM OUR ROBUST PROCESSES ENSURE HIGH ACCURACY
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Analytical Model
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THE ARC PROCESS
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